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Question for the RE investors/those with upgrade experience.
invite response
2012 Aug 15, 6:18pm 1,476 views 2 comments
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Eman
2012 Aug 16, 10:14am
Eman
2012 Aug 16, 10:14am
If cheaply done, it's about $20/sq.ft. for remodeling a house. If nicely done, you're looking at $40 to $50/sq.ft.
I couldn't see the pictures for the house on Holly Street. I guess I must sign in, but I don't have a Redfin account.
1) Kitchen can be anywhere between $10k to $30k.
2) Bathrooms are $5k to $15k
3) Flooring is from $5 to $15/sq.ft.
4) Pre-hung bedroom doors, $350 to $600/each
5) Closet doors, $300 to $500/each.
6) Baseboard, $3 to $4/foot
7) Painting is about $1 to $1.50/sq.ft.
8) Stairs, $12k to $20k.
9) Scrape down popcorn acoustic, texture and paint, $4k to $6k
Yes, that's only for the interior. :)
I was wondering if people with knowledge of upgrading costs can give me your guess as to how much it cost in upgrades between two similar properties.
1124 holly st alameda, ca 94502 http://www.redfin.com/CA/Alameda/1124-Holly-St-94502/home/1201406
nicely done vs
3425 catalina alameda, ca 94502 http://www.redfin.com/CA/Alameda/3425-Catalina-Ave-94502/home/1890611
Listing price difference of $100k! Wow.
I've seen both, the one on Holly is definitely not a cheap flipper upgrade, kitchen has permits, nice pull-out drawers, etc. but 100k?
To be fair, Catalina is under-priced. Two exact model townhomes sold for $425k in the past 6 months, 1 being a short-sale. I fully expect it to go for at least $425k.
so $75k? what do the experts say?
#investing